Kezad Group, the UAE's largest operator of fully-integrated economic zones and value-added business services, has signed a preliminary agreement with Dana Steel to set up its first hot and cold rolling steel complex in Abu Dhabi.

According to the agreement, Dana Steel will invest in constructing a 50,000 square meters facility in KEZAD. The new plant will integrate the company's continuous galvanizing and continuous color coating lines and is expected to have 500,000 metric tons rolling capacity.